A company received an invoice dated October 20, 2020 with terms 1.5/10, 0.5/30, n/60 for an amount
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A company received an invoice dated October 20, 2020 with terms 1.5/10, 0.5/30, n/60 for an amount of $150,860. It made a first payment of $65,500 on October 30, 2020, a second payment of $40,250 on November 19, 2020, and the balance on December 19, 2020.
a. What was the balance amount after the first payment?
b. What was the amount paid on December 19, 2020?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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